Hinduja TMT acquires US based multi-city BPO company AFFINA

Hinduja TMT Ltd (HTMT) has announced that it has signed a definitive agreement for the acquisition of a US based BPO company, AFFINA, headquartered in Peoria, Illinois, U.S.A for an undisclosed amount. AFFINA, a reputable BPO brand in the US, has annual revenues of USD 60 mn, and operations in 7 centers in the US and Canada. The Company has a three - decade track record of serving globally recognized clients. This acquisition will enable the Company to access a large and high quality client base, comprising many Fortune 500 companies, while enhancing the Company's onshore delivery capabilities in the US in specialized domains like Consumer Electronics, FMCG, Retail, Government and Telecom.

This deal strengthens the Company's marketing presence in the US. The Company will now be operating from 14 cities, 7 of which are in North America, 1 each in Philippines and Mauritius and 5 in India. The integrated entity would have a customer base of over 65 customers and a total headcount of over 9,000 employees. This acquisition will nearly double the Company's combined revenues to over USD 130 mn and catapult the Company into the top five pure-play BPO companies in India.

Commenting on the acquisition, Mr. Partha Sarkar, CEO of the Company said, "AFFINA is a strategic fit in the Company's global vision, Through its experienced management team, diverse skills and wide-spread network of delivery centers, HTMT is now poised to ramp up its operations in the growing American market. This will be a happy marriage of domain expertise, CRM capabilities and management skills."

Source : Equity Bulls

Keywords